Aviation

Norwegian: We are not at all satisfied with the 2017 results

‘Tis the season to release half-year results, and as predicted, not everyone is happy with the findings.

In particular, Low-cost airline Norwegian has openly said it is not happy about the 2017 results.

In total, Norwegian made a net loss of 300m kroner ($49m) in 2017.

Personally, we’d be stoked with this kind of money, but that’s neither here nor there.

Speaking on the results, Norwegian said: “The airline industry is undergoing a challenging time as a consequence of Brexit and strong competition.”

Bjorn Kjos, Norwegian’s chief executive, said: “We are not at all satisfied with the 2017 results.

“However, the year was also characterised by global expansion driven by new routes, high load factors, and continued fleet renewal.

“Our major global expansion reaches its peak in the second half of 2018 when 32 of our 42 Dreamliners on order will have been put into service.”

According to The Independent, analyst Bjorn Fehrm of Leeham News and Comment said before the results were released: “A fast expansion costs money.

“This is fine if done by a company with a solid balance sheet and enough cash reserves. Norwegian has neither.”

The airline added: “Norwegian is far better positioned for 2018, with stronger bookings, a growing network of intercontinental routes complementing our vast European network and not least, a better staffing situation.”

“Future demand is dependent on sustained consumer and business confidence in the company’s key markets.”

In June of last year, Norwegian was voted Best Low-Cost Carrier in Europe by SkyTrax.

Hopefully, the airline can pull itself out of this slump.


SEE WHAT PEOPLE ARE SAYING

Leave a Reply

Hotels

Historic Melbourne hotel gets multi-million dollar makeover

Rendezvous Hotel Melbourne has had a modern makeover that pays homage to its turn-of-the-century origins.  

Share

CommentComments

News

“We will not be pursuing ‘Omicron zero'”: NSW and Victoria vow to keep borders open

Victorian Premier Dan Andrews said he and his NSW counterpart Dominic Perrotett have been texting about this fandangled ‘Omicron zero’ situation, with both giving the strategy a thumbs down emoji.

Share

CommentComments

Destinations

Sri Lanka Tourism invites investors to cash in with huge incentives

The island nation’s government has made it easier to invest in tourism projects, and they reckon there are big bucks to be made. That is, if you have a spare $71K laying around.

Share

CommentComments

Wholesalers

The best bits of Wendy Wu’s Worldwide Sale

The sale includes coveted cherry blossom and autumn leaves departures on Japan trips so tell your clients to start saving up their yen now.

Share

CommentComments

Aviation

Say namaste: Qantas’ first India flights in almost a decade take to the skies

Meanwhile, the Flying Kangaroo’s Points Auction continues apace with a private jet experience set to go under the hammer.

Share

CommentComments

Hotels

Bannisters opens new Bawley Point retreat, The Jackson Ranch

Got a client who has always wanted to say “Meanwhile, back at the ranch…” in a literal sense? Book them a stay in this hidden gem.

Share

CommentComments

Travel Agents

AFTA updates campaign encouraging members to contact local MPs

Want to give your local MP a piece of your mind but don’t want to get kicked out of their office for shouting profanities? Click here.

Share

CommentComments

Cruise

Tourism

Travel Agents

Digital travel ad impressions up 40 per cent says Nielsen Ad Intel

Looks like your marketing team’s efforts are paying off, with ads views climbing dramatically in Australia following the most recent lockdown.

Share

CommentComments

News

Tourism

OMICRON: WHO urges those over 60 to cancel travel plans as SA tightens restrictions

The UN health authority warned countries that blanket bans don’t work, while an Aussie epidemiologist says the government’s current restrictions won’t make much difference.

Share

CommentComments

Wholesalers

Planeterra launches holiday fundraising for community tourism

Not sure what to get your colleague for Secret Santa? They’ll be hard-pressed to complain about a donation in their name to support community tourism projects.

Share

CommentComments

Destinations

WATCH: Rebel Wilson stars as glam castaway in new Tourism Fiji ad

The Aussie actress channels Tom Hanks’ Castaway in this latest campaign for Tourism Fiji, However, we’re not convinced Hanks could pull off the metallic dress as well as Wilson does.

Share

CommentComments

Hotels

Club Med opens first Canada property, reveals plans for new Utah ski resort

Those who enjoy the ease of an all-inclusive resort stay will be stoked to learn about Club Med’s latest spate of winter wonderland offerings.

Share

CommentComments